U.S. Bancorp Sees Strong Quarter as Fees, Deposits and Capital Markets Accelerate
U.S. Bancorp executives said the bank expects another strong quarter, supported by growth in net interest income, fee revenue and deposits. The bank also outlined plans to expand its consumer franchise, payments capabilities and capital-markets business.
Why it matters — A USB watcher would care because the bank's outlook points to continued momentum across fee income, deposits and capital markets as it lays out expansion plans for its franchise and payments business.